Key Takeaways
- Polymarket reportedly is pushing KYC verification on traders amid OFAC sanctions exposure and porous geoblocking as of May 2026.
- Spain ordered ISP blocks against Polymarket in May 2026, joining a growing list of 33-plus restricted jurisdictions.
- U.S. House lawmakers sent Polymarket a letter in May 2026 demanding answers on KYC enforcement and suspicious trading detection.
Polymarket Cracks Down on Non-KYC Users
The Information’s Michael Roddan reports that the platform is blocking suspicious accounts and cracking down on VPN usage, which traders in restricted jurisdictions have long used to sidestep geoblocking controls. Users who complete know-your-customer, or KYC, forms may gain access to perks such as direct co-location…
